Turkiye Garanti Bankasi Anonim Sirketi · BIST:GARAN

Turkiye Garanti Bankasi Anonim Sirketi — Turkiye Garanti Bankasi A.S. — 9M 2025 Earnings Presentation

33 slides from Turkiye Garanti Bankasi Anonim Sirketi's earnings presentation, Oct 30, 2025

  1. Slide 1: 9M25 Earnings Presentation

    9M25 EARNINGS PRESENTATION Based on BRSA Consolidated Financials October 30th, 2025

  2. Slide 2: Macro Recap

    ${Garanti BBVA MACRO RECAP

  3. Slide 3: Turkish Economy (I/II)

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 3 TURKISH ECONOMY (I/II) GDP GROWTH CBRT FUNDING RATE & CPI EXPECTATIONS (YoY) (%) 5.1% 80% 70% 60% 3.7% 3.2% 50% 38.5% 40% 30% 30% 20% 32.7% 23% 10% 0% Mar-24 Mar-25 Mar-26 Dec-23 Dec-24 Dec-25 Dec-26 Jun-23 Sep-23 Jun-24 Sep-24 Jun-25 Sep-25 Jun-26 Sep-

  4. Slide 4: Turkish Economy (II/II)

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 4 TURKISH ECONOMY (II/II) CA DEFICIT / GDP (year end) CG BUDGET DEFICIT / GDP (year end) 2022 2023 2024 2025E 2022 2023 2024 2025E -0.8% -0.9% -1.2% -3.6% -3.6% -5.2% -4.9% -5.1% -47bn$ -40bn$ -10bn$ -18bn$ We assume private consumption staying much 2Q25

  5. Slide 5: 9M25 Financials

    ${Garanti BBVA 9M25 FINANCIALS

  6. Slide 6: Earnings Outperformance Sustained

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 6 EARNINGS OUTPERFORMANCE SUSTAINED… NET INCOME (TL bn) +9% 9M25 9M25 +11% ROAE ROAA 30.9 QUARTERLY 28.2 25.4 30.9% 3.1% 1Q25 2Q25 3Q25 LEVERAGE CET-1 Debt / Equity w/o forbearance +26% 84.5 9.2X 12.7% CUMULATIVE 67.0 Note: In the calculation of ROAE and

  7. Slide 7: Driven by Inherent Strength in Core Banking Revenue Generation

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 7 …DRIVEN BY INHERENT STRENGTH IN CORE BANKING REVENUE GENERATION 7 consecutive quarters of core banking revenue growth CORE BANKING REVENUE (TL bn) +65% QUARTERLY CUMULATIVE YoY +19% 211.2 +7% 80.6 3Q vs. 2Q +207% 67.6 97.7 63.0 127.9 37.7 +23% Core NII

  8. Slide 8: Asset Growth Continues to Be Fueled by Customer Activity

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 8 ASSET GROWTH CONTINUES TO BE FUELED BY CUSTOMER ACTIVITY Actively managed securities portfolio continue to serve as a hedge ASSET BREAKDOWN PERFORMING LOANS (TL, US $ billion) $ QoQ YtD Fixed Assets & Other (incl. 2,410 Subs. ; 1.6% NPLs); 6.2% 2,193 10

  9. Slide 9: Sustained Leadership in TL Loans with Healthy Market Share Gains in Consumer Loans

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 9 SUSTAINED LEADERSHIP IN TL LOANS WITH HEALTHY MARKET SHARE GAINS IN CONSUMER LOANS TL PERFORMING LOAN BREAKDOWN TL PERFORMING LOAN GROWTH (62% of total performing loans) Consumer (exc. CCs) TL Business (incl. SME & Corporate CCs) Consumer Credit Cards S

  10. Slide 10: Increase in Stage-2 Relates to Retail Flow

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 10 INCREASE IN STAGE-2 RELATES TO RETAIL FLOW LOAN & RECEIVABLES BREAKDOWN (TL bn) STAGE-2 BREAKDOWN (TL bn) 253.3bn excl. currency impact2 227.2bn 233bn TL in Sep’25 210bn TL in Jun’25 208.9bn Stage 1, 41% 2,240.4 49% Stage 2, 253.3 SICR1 56% (Quantitati

  11. Slide 11: NPL Flow Faring as Expected

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 11 NPL FLOW FARING AS EXPECTED NPL EVOLUTION (TL mn) COVERAGE RATIOS QUARTERLY Net NPL Flow 10,365 12,169 10,468 2Q25 3Q25 3Q25 (adj. w/ WD*) Net NPL Flow Excl.curr. impact, 13,035 13,831 15,067 Total Provision 74.6 77.2 94.5 NPL Sales & write-downs (Bala

  12. Slide 12: Better Than Expected Net Cost of Risk Trend Sustained

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 12 BETTER THAN EXPECTED NET COST OF RISK TREND SUSTAINED WITH THE SUPPORT OF EXCEPTIONALLY HIGH PROVISION REVERSALS NET PROVISIONS & NET COR excl. CURRENCY (TL bn) QUARTERLY CUMULATIVE  QoQ  YoY 1.39% +20bps 1.27% 1.12% 1.32% +39bps 0.88% 0.44% 8.1 +33%

  13. Slide 13: Customer-Driven Funding & Actively Managed Pricing

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 13 CUSTOMER-DRIVEN FUNDING & ACTIVELY MANAGED PRICING - THE BACKBONE OF OUR SUCCESS LIABILITIES & SHE BREAKDOWN TL CUST. DEPOSITS (TL bn) (51% of total deposits) QoQ YtD Total Demand Other ; Deposits; 27.8% 1,486 +2% +24% 1,462 4.4% Total 1,198 Flattish Q

  14. Slide 14: Better Than Expected Recovery in NIM Backed by Opportunistic Liquidity Management

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 14 BETTER THAN EXPECTED RECOVERY IN NIM BACKED BY OPPORTUNISTIC LIQUIDITY MANAGEMENT NIM INCL. SWAP COST1 TL LOAN-TIME DEPOSIT SPREAD2 QUARTERLY QUARTERLY CUMULATIVE TL Loan Yields (exc. CCs)  QoQ  YtD TL Time Deposit Cost 5.3% 5.3% +44 bps +102bps 4.8%

  15. Slide 15: Customer-Driven Asset Mix Ensures Margin Resilience

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 15 CUSTOMER-DRIVEN ASSET MIX ENSURES MARGIN RESILIENCE HIGHER WEIGHT OF HIGH HIGHER WEIGHT OF CUSTOMER-DRIVEN ENSURE THE SUSTAINABILITY OF 1 YIELDING ASSET: TL LOANS 2 & LOWER COST OF FUNDING STRONG BANKING REVENUE (% in TL Assets, 9M25) (% in TL Liabilit

  16. Slide 16: Fee Growth Remained Robust – Supported by Strong Momentum in Payment Systems

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 16 FEE GROWTH REMAINED ROBUST – SUPPORTED BY STRONG MOMENTUM IN PAYMENT SYSTEMS NET FEES & COMMISSIONS (TL bn) NET F&C BREAKDOWN1 QUARTERLY CUMULATIVE +11% +54% YoY Other 0.8% 104.4 Cash Loans, +15% 6.9% Payment Systems, 38.9 67.7% Non-Cash Loans, 35.1 68

  17. Slide 17: Cost Growth Is Progressing in Line with Expectations

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 17 COST GROWTH IS PROGRESSING IN LINE WITH EXPECTATIONS Strategic Non-HR Spending to Support Long-Term Revenues Currency OPERATING EXPENSES (TL bn) YoY Adjusted* COST / INCOME +70% +66% 124.0 CUMULATIVE 64.7% Garanti 48.3% 72.8 80.8 +82% 44.1% Peer Avg. N

  18. Slide 18: Sustained Sound Solvency

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 18 SUSTAINED SOUND SOLVENCY NEW TIER-2 ISSUANCE IS SET TO POSITIVELY IMPACT 4Q CAPITAL RATIOS & FX SENSITIVITY SOLVENCY RATIOS (without BRSA’s forbearance) 2024 – 9M25 CAR EVOLUTION (Consolidated, without BRSA’s forbearance) 18.2% -0.75% 15.6% 16.3% 2.76%

  19. Slide 19: 9M25 in Summary: Unmatched Leadership Sustained

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 19 9M25 IN SUMMARY: UNMATCHED LEADERSHIP SUSTAINED 1 Sustained & Sequentially Resillient NII Growing core banking revenue Leader in TL loans & deposits increasing core banking 5.1% +65% YoY; Reflects strong relationship, revenues – for 7 consecutive NIM i

  20. Slide 20: Looking Ahead: We Maintain Our ROAE Guidance

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 20 LOOKING AHEAD…WE MAINTAIN OUR ROAE GUIDANCE WITH THE SUPPORT OF BETTER THAN EXPECTED NET COST OF RISK AND FEE GROWTH 2025 INITIAL 2025 REVISED GUIDANCE GUIDANCE TL Loan Growth >avg. CPI >avg. CPI On track (YoY) FC Loan Growth High-teens Better than gui

  21. Slide 21: Q&A Session

    %{Garanti BBVA Q&A SESSION

  22. Slide 22: Appendix

    Appendix P G . 23 Sector Breakdown of Gross Loans P G . 28 Securities Portfolio P G . 24 FC Loan Breakdown P G . 29 Summary Balance Sheet P G . 25 Maturity Profile of External Debt P G . 30 Summary P&L P G . 26 Adjusted L/D and Liquidity P G . 31 Key Financial Ratios Coverage Ratios, P G . 32 Quarte

  23. Slide 23: Appendix: Sector Breakdown of Gross Loans

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 23 APPENDIX: SECTOR BREAKDOWN OF GROSS LOANS % SHARE COVERAGE RATIO SECTOR BREAKDOWN OF GROSS LOANS1 Key Sectors Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 TL 2.1tr Retail 82% 13% 5% 0.4% 5.9% 63.9% Energy 67% 31% 2% 0.3% 23.0% 83.1% Construction 2.6

  24. Slide 24: Appendix: Closely Monitored and Well-Provisioned FC Loans

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 24 APPENDIX: CLOSELY MONITORED AND WELL-PROVISIONED FC LOANS FC PERFORMING LOANS (38% of total performıng loans) US$ 22.0bn MITIGATION OF FX RISK - TIMELY DELEVERAGING (in $ bn) US$ GBI and GB Romania loan placements 8.6bn Natural hedge 170.0 154.0 20.0 +

  25. Slide 25: Appendix: Maturity Profile of External Debt

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 25 APPENDIX: MATURITY PROFILE OF EXTERNAL DEBT WHOLESALE FUNDING BREAKDOWN MATURITY PROFILE OF EXTERNAL DEBT (US$ billion) 0.75 Securitisation; 18.9% 0.2 Syndication; 9.6% Bilateral MTN Covered Bond Secured Finance Securitisation Syndication Secured Subde

  26. Slide 26: Appendix: Adjusted LDR and Liquidity Coverage Ratios

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 26 APPENDIX: ADJUSTED LDR AND LIQUIDITY COVERAGE RATIOS Loans funded via long-term on B/S alternative funding sources ease LDR (TL billion) Total 2,916 2,916 Loans / 83% Adjusted 69% Deposits: LDR 2,410 - 10.9 0.0 - 148.9 TL Loans / TL MM - 117.2 TL Depos

  27. Slide 27: Appendix: Market Shares

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 27 APPENDIX: MARKET SHARES Market Shares among private banks1 Mar-25 June-25 Sep-25 QoQ  YtD  Rank TL Performing Loans 21.7% 21.7% 22.0% 29 bps 21 bps #1* FC Performing Loans 15.6% 15.6% 15.9% 23 bps 41 bps #2* Consumer Loans inc. Consumer CCs 22.7% 22.

  28. Slide 28: Appendix: Securities Portfolio

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 28 APPENDIX: SECURITIES PORTFOLIO TOTAL SECURITIES (TL billion) TL SECURITIES (TL billion) FC SECURITIES (US$ billion) (3%) +2% 13% of Total Assets +10% +6% +8% +5% +9% 298.5 305.7 +3% 306.1 (10%) +6% +13% +18% 288.5 3.6 6.1 266.6 2.8 531.1 1.8 + + 481.1

  29. Slide 29: Appendix: Summary Balance Sheet

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 29 APPENDIX: SUMMARY BALANCE SHEET (TL billion) ASSETS 30.09.2024 31.12.2024 31.03.2025 30.06.2025 30.09.2025 Cash & Cash Equivalents 341.8 301.0 367.8 375.2 419.3 Balances at CBRT 325.0 322.1 494.1 478.6 514.5 Securities 409.9 421.3 460.3 481.1 531.1 Gro

  30. Slide 30: Appendix: Summary P&L

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 30 APPENDIX: SUMMARY P&L QUARTERLY P&L CUMULATIVE P&L TL Million 2Q25 3Q25 QoQ 9M24 9M25 YoY (+) Net Interest Income including Swap costs 38,834 46,493 20% 62,552 122,834 96% (+) NII excluding CPI linkers' income 34,924 46,715 34% 58,857 112,748 92% (+) I

  31. Slide 31: Appendix: Key Financial Ratios

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 31 APPENDIX: KEY FINANCIAL RATIOS Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Profitability ratios ROAE (Cumulative)1 33.4% 33.0% 30.6% 30.7% 30.9% ROAA (Cumulative)1 3.5% 3.5% 3.2% 3.1% 3.1% Cost/Income 42.7% 44.1% 46.4% 47.7% 48.3% Liquidity ratios Loans / Depos

  32. Slide 32: Appendix: Quarterly & Cumulative Net CoR

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 32 APPENDIX: QUARTERLY & CUMULATIVE NET CoR (Million TL) (Million TL) Quarterly Net Expected Credit Loss 3Q24 4Q24 1Q25 2Q25 3Q25 Cumulative Net Expected Credit Loss 9M25 (-) Expected Credit Losses (-) Expected Credit Losses 11,185 18,095 23,812 18,511 17

  33. Slide 33: Disclaimer Statement

    9M25 BRSA CONSOLIDATED EARNINGS PRESENTATION 33 DISCLAIMER STATEMENT Türkiye Garanti Bankasi A.Ş. (“Garanti BBVA”) has prepared this presentation document (the “Document”) thereto for the sole purposes of providing information which include forward looking projections and statements relating to Gara

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